
- Draft release focuses on CFTC oversight for crypto regulation.
- Target release is September 2025.
- Bipartisan collaboration aims for clear regulatory structure.

The U.S. Senate Agriculture Committee will release a crypto market structure discussion draft in early September 2025, focusing on the CFTC’s oversight role.
The U.S. Senate Agriculture Committee will release a crypto market structure discussion draft in early September 2025, focusing on the CFTC’s oversight role.
This event matters as it aims to clarify regulatory oversight between the SEC and CFTC, impacting digital assets and investor confidence
U.S. Senate’s Move Towards Crypto Regulation
The U.S. Senate Agriculture Committee is set to introduce a market structure discussion draft for cryptocurrency regulation. The significant focus is placed on making the Commodity Futures Trading Commission (CFTC) the main overseer, targeting a September 2025 release.
Leading the charge, Democratic members of the committee are crafting a bipartisan draft, with Senator Amy Klobuchar heavily involved. This complements the parallel efforts of the Senate Banking Committee, which focuses on SEC oversight.
Immediate impacts are anticipated for digital commodities like ETH and BTC, with CFTC oversight potentially changing how these assets are regulated. These movements could signal significant shifts for institutional and retail participants.
Financially, regulatory clarity is expected to attract institutional investment and provide a structured path for digital asset markets, fostering growth. The draft may modernize regulatory frameworks and offer more robust investor protection in digital assets.
While pending drafts have yet to result in on-chain activity, historical trends indicate potential market volatility and asset repositioning once clarity emerges. The September release will provide a clearer regulatory pathway for digital assets in the U.S.
Senator Cynthia Lummis, U.S. Senator, Senate Banking Committee, “Market structure legislation will establish clear distinctions between digital asset securities and commodities, modernise our regulatory framework, and position the United States as the global leader in digital asset innovation” – source
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